Positron Emission Tomography (PET) Market Industry Demands, Top Key Players, Industry Analysis Forecast 2028

Precision Business Insights published a research report on “Positron Emission Tomography (PET) Market: By Type (Partial ring PET scanners, Full ring PET scanners), By Application (Cardiology, Oncology, Neurology. Urology, Orthopedics, Gastroenterology, Others), By End User (Ambulatory Surgical Centers, Diagnostic Centers, Hospitals) - Global/Region/Country Forecast to 2028”.

PET (positron emission tomography) is a type of clinical imaging that is used to diagnose disorders including cancer and Alzheimer's disease. The detection of a pair of gamma rays emitted indirectly by a radiotracer is the underlying basis of PET imaging. PET can also tell the difference between benign and malignant cancers.

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Oncologists, neurologists, and cardiologists are the most common users of ET in order to diagnose various types of cancer, neurological illnesses, and cardiovascular diseases. As research continues in this field, it is likely that it will be used in other fields as well. This is also done to measure how well certain disorders are responding to treatment. Magnetic resonance imaging (MRI) and computed tomography (CT) only reveal tissue structure and blood flow to and from organs, whereas this method shows the entire body. This imaging approach is also being utilised in conjunction with other diagnostic technologies like CT to provide more accurate information regarding neurological, cardiovascular, and cancer illnesses. The global market for positron emission tomography is expanding due to rising rates of cancer, neurological, as well as cardiovascular diseases, as well as increased use of PET in conjunction with other diagnostic technologies such as CT and MRI, ongoing technological advancements, and continuing to expand applications of the PET procedure. The PET imaging market is also being driven by uninterrupted advances and the identification of novel tracers (radionuclides).
PET's benefits over other imaging technologies are also propelling the market forward. One of the primary challenges limiting the PET market's growth has been recognised as the heavy price of PET equipment. Because PET is such a capital-intensive industry, it promotes the resale of used PET equipment. Continuous reimbursement cuts are projected to stifle market expansion. Worldwide, decreased payer reimbursement for PET and SPECT procedures has resulted in a drop in outpatient volumes, limiting patient access to advanced, low-cost imaging and diagnostic services. Furthermore, the market's expansion is projected to be limited by radiopharmaceuticals' short half-life. The most often used radiotracer in PET imaging is fluoro-deoxy glucose (FDG), which uses fluorine-18 as a tracer. The half-life of the radiotracer is just under two hours. This restricts its diagnostic imaging utility.

The Positron Emission Tomography Market is segregated by Product Type, which on the other hand is divided into Full Ring PET Scanners and Partial Ring PET Scanners. The global market is also classified on the basis of Application, which is further fragmented into Neurology, Cardiology, Oncology, Other Applications. The market is further segmented on the basis of End User, which is divided into Diagnostic Centers, Hospitals, and Other End Users.

Due to the general surge in cancer cases, North America dominates the market for positron emission tomography (PET) scanners. Additionally, during the projected period, the rising number of PET scans will fuel the expansion of the positron emission tomography (PET) scanners market in the region. Because of the rising population in Asia-Pacific, the market for positron emission tomography (PET) scanners is expected to increase significantly. Furthermore, the shift toward higher-quality healthcare facilities is expected to drive the market for positron emission tomography (PET) scanners in the region during the next few years.

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Some of the major key players in the Positron Emission Tomography (PET) Market are Hitachi Medical Corporation (Japan) Siemens Healthineers (Germany) Toshiba Medical Systems (Japan) GE Healthcare (U.K.) Philips Healthcare (Netherlands) Esaote SpA (Italy) Sanrad Medical Systems Pvt. Ltd (India) Aurora Imaging Technology, Inc. (U.S.) SUMEC Group Corporation (China)

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